Moving cargo from A to B is an inherently complex process involving people, machinery, and a network of transportation hubs working together to keep the flow of freight moving.

About 60% of the world’s cargo is transported inside shipping containers but the process is far from straightforward. Shipping cargo requires supervision, care, and a combination of seaborne & land-based transportation methods to reach its destination. Cross-border issues and regulations cause delays due to logistical problems, language barriers, security threats, and other difficulties. The interaction between elements involved in moving cargo is not optimal by any means, at least in its current form.

Blockshipping is a new ICO that introduces the Global Shared Container Platform (GSCP), a blockchain-based platform to bring together all elements involved in the container shipping industry, such as carriers, ports, and terminals.

The GSCP platform

There are about 27 million metal freight containers being moved around the globe carrying all sorts of cargo. Food, vehicle parts, stuffed toys, and everything and anything in between. Keeping track of all these containers is a mammoth task in itself.

The GSCP platform is the world’s first blockchain-based registry to keep track of all containers, in real time. Blockshipping state that their goal within 3-4 years is to achieve a 60% market coverage with 16 million container units in the GSCP blockchain registry.

According to the website, the GSCP solution will deliver efficiency and savings of about $5.7bn to the global shipping container industry through smart handling and accountability of the containers.

The site mentions that the GSCP solution will be environmentally friendly, as it will help to reduce the global CO2 emission by at least 4.6 million tons yearly.

Blockshipping is the first Nordic ICO to be launched within ICO 2.0 Framework, which is fully compliant with Danish laws.

Blockshipping in figures & quick facts

The purpose of the Global Shared Container Platform is to provide a complete blockchain enabled container asset registry where the full global inventory of containers (27 million units) are registered along with real-time locations of every single container around the world pic.twitter.com/JufWvaYh1X

Investors can contribute using ETH, BTC, or fiat currencies (USD or EUR)

The GSCP tokens

There will be two tokens available on the GSCP platform:

Container Platform Token (CPT)

Container Crypto Coin (CCC)

CPT is a utility token used as internal currency for payment of transactions made within the GSCP platform.

CCC is an external dividend token used for revenue sharing.

Blockshipping is a Scandinavian company based in Copenhagen, Denmark. Blockshipping is developing the GSCP platform that will enable a savings potential for the global container industry at the tune of USD 5.7 billion per year by smarter handling of intermodal freight containers pic.twitter.com/woNNZPAvxU